The guarantee facility enables Raiffeisen Bank to grant loans worth over RON1 billion to companies with up to RON50 million turnover.
Under the agreement, IDB makes available a guarantee ceiling of RON710 million. Guarantees can cover up to 70% of the financing value, with the possibility of reaching 80% for some categories of beneficiaries, such as companies majority held by women, startup firms and companies operating in innovation-related fields.
Nu sunt eligibile pentru finanțare activities in the fields of real estate development, grain trade, agricultural inputs and other sectors excluded according to BID’s guarantee framework are not eligible for funding.
According to IDB representatives, the guarantee instrument is designed to reduce deadlocks in the lending market and spur investments.
The program is part of the portfolio guarantee scheme for SMEs and is valid until December 31, 2027- the deadline for financing, with the purpose of increasing access to loans for SMEs in Romania.
The Investment and Development Bank is the only development bank 100% owned by the Romanian state via the Finance Ministry, created at the end of 2023 via the national recovery plan PNRR.